what has pushed REE prices up? Is it a permeant change?
BOE is following the US with a rate hike. Germany may as well. China is already at about 3 %. This will cause markets to fall. Why do you think Lynas will not follow general markets?
Yes drill reports are due. Lynas already has over 25 years supply of quality Ore. Deep drilling so far has shown poor ore <4% REE. This new ore will be expensive to extract, Depth. And process if not over 5% REE. Why should this impact Stock price in next 20 years?
MP is much more overvalued than Lynas. Your comments remind me of Dot Com when every body looked around for companies with a more overvalue SP to justify there own companies SP. When it blew up even Amazon fell over 90%. Many weaker companies went BK. For more on My thoughts on MP see Post #:57361972 AMZN 12 6 1999 USD 106 9. 24 2001 $ 5.97 I do not expect Lynas to fall nearly this much but it will fall. Only question is will it take 6 months or 18 months to start.
LYC Price at posting:
$7.30 Sentiment: None Disclosure: Held
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